BTC Bitcoin: 1D Chart Update
Updated
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin (BTC).
The chart is self-explanatory. If Bitcoin price continues upwards and does not fall below the support trendline, there may be potential for the price to go higher. The RSI complete a re-test of the support line and is moving higher. This may also help the price increase. Lastly, the price is at the edge of the green Ichimoku Cloud. If price does not get deeper into the cloud, it may get rejected and fall lower to the bottom support trend line.
In the related ideas below I discuss the EMA Ribbons and 200 SMA. Please review those as well to get an idea of what is holding the price down.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
The chart is self-explanatory. If Bitcoin price continues upwards and does not fall below the support trendline, there may be potential for the price to go higher. The RSI complete a re-test of the support line and is moving higher. This may also help the price increase. Lastly, the price is at the edge of the green Ichimoku Cloud. If price does not get deeper into the cloud, it may get rejected and fall lower to the bottom support trend line.
In the related ideas below I discuss the EMA Ribbons and 200 SMA. Please review those as well to get an idea of what is holding the price down.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Note
This chart is still in motion. Keep an eye on the support line.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.